New York Pedestrian Accident Loans
- Get Cash as Soon as the Same Business Day
- Rates as Low as 2.5% Simple, Monthly
- Repay $0 if You Lose Your Case
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What Are Pedestrian Accident Loans in New York
A pedestrian accident loan is a type of financial assistance available to plaintiffs who have been injured as pedestrians in car accidents. This is not actually a loan, but an advance on the potential settlement that the plaintiff may receive in their legal case.
These loans are designed to help plaintiffs cover their day-to-day expenses while they wait for their legal case to be resolved. The process is straightforward — once a plaintiff applies and gets approved for the loan, they receive the funds they need. They only have to repay the loan if they win or settle their case. If the legal claim is not successful, the plaintiff owes nothing. That’s why these loans are referred to as being “non-recourse”.
Pedestrian accident loans in New York work the same as in any other place. The deciding factor for loan approval is generally not the plaintiff’s income or credit score, but the strength of their legal claim. If it appears likely that they will receive a good settlement or a win, they are more likely to get approved for a pedestrian accident loan.
How Lawsuit Loans Work
Here’s how the lawsuit loan process works in three easy steps. The entire process can be completed within 24 hours with your attorney’s help.
Apply Online or Call Toll-Free
Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.
We Review Your Case
Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.
You Receive Funds
You and your attorney review and sign our funding contract. Once complete, you can have funds within hours.
Key Information About Car Accident Loans in New York
If you’ve been in a car accident in New York, you may be eligible for a lawsuit loan. This is an advance on your potential settlement to help you with expenses while your lawsuit is pending. Here are some important details about car accident loans in New York:
| Average car accident loan amount by LawsuitLoans.io in New York | $17,713.29 |
| Largest car accident loan by LawsuitLoans.io in New York | $191,721.27 |
| Average interest rate in New York | 20.6% |
| Median personal injury verdict in New York | $287,628.00 |
| New York statute of limitations | 3 Years; Civil Practice Laws and Rules Art. 2 Section 214 |
| New York fault laws | New York is a “no-fault” state, meaning your own insurance covers your losses regardless of who caused the accident. |
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your potential savings and costs when you choose LawsuitLoans.io. While we sometimes offer rates as low as 2.5%, our calculator assumes a simple, non-compounding monthly rate of 3.3%. This calculator is for illustrative purposes only. Actual terms may differ. Please contact us for an instant, written quote for your request.
Advance Amount:
Months Until Settlement:
$2,900
Total Cost
Pay $2,900 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
$1,697
Your Savings
Save $1,428 compared to competitors on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
33%
Percent Savings
Save 33% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Am I Eligible for a Pedestrian Accident Loan in New York?
There are some basic requirements you need to meet to be eligible for a pedestrian accident loan in New York. The foremost one is having a valid legal claim. If you are involved in a car accident and it was not your fault, then you can file a lawsuit against the insurance company of the person who caused the accident. Alternatively, if the party at fault is self-insured, then the lawsuit will be against them.
Beyond establishing a valid legal claim, you also need to have an attorney representing you on a contingency basis. This means that your attorney agrees to be paid from the proceeds of any settlement or court award you receive. If you don’t win your case, your attorney won’t be paid.
Finally, you must be at least 18 years old. This is the legal age to enter into a contract in most states, including New York. Therefore, even if you meet the other criteria, you won’t be eligible for a lawsuit loan if you’re under 18.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Types of Pedestrian Accident Claims in New York
In New York, common types of pedestrian accidents include incidences resulting from improper lane use, left-hand turn, distracted driving, drunk driving, and failure to yield the right of way. Understanding how these accidents occur can determine liability and affect a plaintiff’s chance of success in their lawsuit.
Improper Lane Use: This happens when a driver uses a specific lane incorrectly, such as driving in a bike lane or using the oncoming lane to overtake other vehicles unlawfully. If the driver hits a pedestrian while misusing a lane, they can be deemed negligent and held responsible for the accident.
Left-Hand Turn Accidents: In many cases, drivers neglect to notice pedestrians while making a left-hand turn due to the focus on other vehicles. As per New York’s laws, drivers are expected to yield the right of way to pedestrians. Thus, failure to do so generally results in the motorist being held accountable for any injuries caused.
Distracted Driving: If a driver is engaged in any activity distracting them from safe driving—such as texting, changing radio stations, or eating—they could cause an accident injuring a pedestrian. New York Law holds such drivers legally accountable for injuries sustained in such scenarios.
Drunk Driving: Drunk driving is unlawful and risky. Inebriated drivers pose a significant threat to pedestrians because of impaired judgment and slower reaction times. New York Laws are stringent against drunk driving, with significant penalties for drivers causing harm.
Failure to Yield: A good number of pedestrian accidents occur when drivers fail to yield the right of way at crosswalks or intersections. Pedestrians struck by vehicles in such instances have a higher likelihood of winning their case with evidence of a driver’s failure to yield.
It is important to note that New York operates under a ‘No-Fault’ insurance system. This means that, irrespective of who bears the fault for the accident, injury victims can recover compensation up to the policy limit from their own or the at-fault party’s insurance company.
In some instances, ‘shared fault rules’ may apply where both the pedestrian and the driver contributed to the accident. Courts can proportionally reduce the compensation awarded to pedestrians based on percentage of fault. Therefore, understanding fault laws in New York can significantly affect the outcome of a personal injury lawsuit.
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How Much Money Can I Get From my Pedestrian Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io fall within the $500 to over $1,000,000 range. If your case is still unresolved, we can advance you a maximum of 25% of the potential winnings. For cases that are settled, you can receive up to 50% of your future payout.
To illustrate, let’s consider an example of a plaintiff from New York who has a pedestrian accident claim valued at around $300,000. The case is ongoing and will not settle for some time. Typically, the medical providers receive approximately a third of the settlement, another third goes to the attorney, leaving the plaintiff with a round figure of $100,000. In such case, LawsuitLoans.io could provide an advance of about 25% of that sum, which translates to an advance of $25,000.
Roadway Accident Cases we Fund in New York
We at LawsuitLoans.io fund nearly all types of roadway accidents in New York. The following types are those we most commonly handle:
- Bicycle Accident Loans – Funding for victims injured due to bicycle accidents while they’re awaiting their legal settlement.
- Car Accident Loans – Assistance for those involved in car accidents, providing pre-settlement funds for associated costs.
- Commercial Vehicle Accident Loans – Help for people impacted by accidents with commercial vehicles, offering funding as they wait for their lawsuit to resolve.
- Government Vehicle Accident Loans – Support for individuals affected by government vehicle incidents, furnishing necessary funds during the lawsuit period.
- Motorcycle Accident Loans – Financial aid for victims of motorcycle accidents, helping them manage expenses while their legal case is in progress.
- Pedestrian Accident Loans – Funds for pedestrians struck by a vehicle, aiding them financially during the course of their lawsuit.
- Rideshare Accident Loans – Provision of pre-settlement loans for individuals involved in rideshare incidents, buffering the financial impact while they await legal resolution.
- Semi-Truck Accident Loans – Providing victims of semi-truck crashes with necessary funding as they wait for their lawsuits to complete.
Get $500 – $500,000 in as Little as a Single Business Day!
We understand that if you’re applying for funding with us, you needed the funding yesterday. With your attorney’s cooperation, we can provide funding as soon as the same business day.
Other Cases we Fund in New York
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in New York. Read more about the personal injury cases we fund in New York here:
- Personal Injury Loans
- Police Misconduct Lawsuit Loans
- Medical Malpractice Lawsuit Loans
- Slip and Fall Lawsuit Loans
- Premises Liability Loans
- Dog Bite Lawsuit Loans
- Wrongful Death Loans
Read more about the roadway accident claims we fund in New York here: